The company intends to use the funds to drive new product development — including artificial intelligence (AI) and machine learning (ML) technologies — that will enable security guard firms or in-house security teams to simplify their operations, to nearly double its staff of 120 in the next year to bring to market new tools and increase support and provide best practices for customers as it expands its operations internationally.

Led by Founder and CEO Simon Ferragne, TrackTik provides an enterprise software solution that delivers all of the mission-critical components required to run a professional security service firm on a single integrated platform, including real-time guard management and incident reporting, back office administrative functions, and business intelligence.